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Is LUXE CAPITAL regulated?
Douglas
Poland
2023-06-08
ANSWER LUXE CAPITAL is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.LUXE CAPITAL fails to disclose its regulatory information and licensing data, a clear indicator of a scam. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. This is a red flag. Furthermore, the Financial Conduct Authority (FCA) has issued a warning against LUXE CAPITAL for offering financial services or products without proper authorization, further proving this broker's illegitimacy.Regarding your question, LUXE CAPITAL is a non-regulated broker with significant risks, including loss of funds and identity theft. Once your money and personal information are held by this trading platform, there are no rules in place to protect them. Therefore, we strongly suggest investors stay away from unlicensed brokers like LUXE CAPITAL and opt for fully regulated ones instead.
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